By Legerwood
Carbon Capture and Sequestration. How many times have we heard about money for such projects that never come to anything.
Longannet anyone? Pilot project, money available to take it full scale but in 2007 SNP win the election and Gordon Brown does not release the money – did not want to hand a ‘victory’ to the SNP. 2010 Coalition takes over at Westminster and Chris Huhne, Energy Minister pulls plug on CCS. He says we can buy in the technology. Longannet eventually closes. Other sites mentioned – Peterhead – does not come to anything.
2014 Boundary Dam coalfired power station in Canada goes ‘live’ as a CCS system
https://www.saskpower.com/Our-Power-Future/Infrastructure-Projects/Carbon-Capture-and-Storage/Boundary-Dam-Carbon-Capture-Project
Just what exactly are these CCS hubs going to be doing? A man interviewed on CH4 news tonight seemed to say, if I heard correctly, that they would be research centres – the first in the World. Really, I think not. Go talk to Statoil as was about that.
Just about every item they headlined in this budget when you look behind the headline you find all the caveats and timescales eg £5 billion for flood defences … over 6 years. Less than a billion pounds per year.
Talking-up Scotland 'Albatraz' 
I noticed Johnson smirking at the SNP benches when carbon capture was mentioned by the chancellor.
Trolling comes to mind.
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Here is some detail about the proposals. Not sure detail is the right word though
https://www.business-live.co.uk/economic-development/800m-carbon-capture-pot-brings-17904816.amp
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Johnson has a deserved reputation as a teller of untruths. Even those most dedicated to avoiding any passing relationship with the truth must occasionally stumble and reveal some genuine information.
So it was with Johnson when he, memorably, alerted the voting public to his stated policy position of “..F— business..”.
Sadly, the voting public south of the border forgot to remember this stated policy when they came to cast their votes in December. As (currently) part of the Ukanian union Scottish business is as likely to be dragged through the Johnsonian mire as the, apparently, willing business voters down south.
So it begins: The company that owns The Braehead Shopping Centre in Glasgow (amongst many others elsewhere in Ukania) has just announced that it is seeking emergency funding or could fail. Link and snippet below:
https://www.bbc.co.uk/news/business-51851791
The owner of some of the UK’s biggest shopping centres, Intu, has said there are doubts that it can survive unless it raises extra funds. (Owner of The Braehead Shopping Centre in Glasgow).
Its comments came as the firm – which owns Manchester’s Trafford Centre and the Lakeside complex in Essex – reported a £2bn loss in 2019.
The weakness in the retail sector meant Intu wrote down the value of its shopping centre sites by nearly £2bn.
Intu will try to raise extra cash after an earlier plan to raise £1bn failed.
At the same time, Intu has run up debts of nearly £5bn.
Its shares stood at 34p when trading began at the start of 2020, and on Wednesday were worth about 4.7p after falling 17% in reaction to its results.
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